EUROPEAN POLITICAL ECONOMICS

Single discipline educational activity

Course Sheet

Course code:

PEUR14

Academic Year of enrolment:

2019

Year of supply:

2020/2021

Type of Course:

Characterising

Degree:

Course of 2nd Cycle Degree in MANAGEMENT AND ECONOMICS

Location:

PESCARA

Credits:

Programme Year:

Professor and Collaborators:

MAURO Giuseppe

Cycle:

Second four months

Hours of classroom activity:

Individual study hours:

114

Prerequisites:

No compulsory requirements.

Objectives

The course pursues the general objective to provide knowledge and skills regarding the European Economic Policy.
In particular, the course will provide the analytical tools to understand the most relevant characteristics of the European Monetary Union (EMU). In addition, on the basis of what is taught the student will be able to understand, interpret and envisage the consequences of the economic policies at the EMU and extra-EMU levels.

At the end of the course the student must possess knowledge and skills to understand and interpret the European economic and political context (Eurozone in particular), in accordance with the educational objectives of the Study Course.
To this end the course proposes to transmit the following skills and knowledge:

KNOWLEDGE AND UNDERSTANDING ABILITY
- Understands the optimal currency theory.
- Knows the process of European Union construction.
- Understands the costs and benefits of a monetary union.
- Analyses the consequences of symmetric and asymmetrc economic shocks.
- Analyses the consequences of temporary and permanent economic shocks.
- Analyses the monetary policies in a monetary union.
- Analyses the fiscal policies in a monetary union.

KNOWLEDGE AND UNDERSTANDING (applied)
- Uses analytical models and graphical analysis to understand and interpret and economic policies in the context of the European Union, with a particular focus on the Eurozone.

AUTONOMY OF JUDGMENT:
- Ties macroeconomic models to economic policies or the European Union and the Eurozone
- Identifies the consequences of economic policies for the economy
- Develops (even in oral form) an autonomous discourse on the main European economic policy topics.

COMMUNICATION SKILLS:
- Uses the technical language of the Economic Policy.

ABILITY TO LEARN
- Carries out individual and group research on specific aspects of the discipline.
- Compares its own competences with recent analyses and with the economic policies adopted in the context of the European Union and Eurozone.

Contents

The programme will be articulated as follows. Analysis of the main international monetary systems. History of European Union (EU). The institutions of the EU. Costs and benefits of a common currency. The economic policies: from monetary policies to fiscal policies. the enlargement of the European Union to include the Countries of Central and Eastern Europe. The economic crisis and the EU answers. The Italian economy in the EU context.

Extended Syllabus

Main objective of the course is to provide the students of the instruments in order to understand the process of policies generation and implementation in the Eurozone.
Specific references to the national (Italian) context and the global (extra-European) context will be made.
The programme will be articulated as follows.
The first part of the course will be devoted to the teaching of the Political Economy basis through the analysis of:
- The main international monetary systems: from the Gold Standard to the analysis of the Bretton Woods monetary system.
- The breakdown of the Bretton Woods monetary system and the reasons why it collapsed.
- The period of uncertainty following the breakdown of the Gold Exchange Standard.
The second part of the course will analyse the process of the European Union's construction through the study of:
- The main features of an optimum currency area.
- The arrangement of the European Monetary System as an attempt to stop large exchange rate fluctuations between European countries.
- The origins and evolution of the European Monetary Union, as well as future prospects of the euro.
The third part of the course will illustrate the enlargement of the European Union to include the Countries of Central and Eastern Europe, paying particular attention to:
- The evolution of the candidate countries.
- The transition period and the macroeconomic environment.

Recommended Bibliography

Mauro G. (2013), The evolution of the international monetary system and the European Union, Publishing House Rocco Carabba, Lanciano.

Ch. 1
Ch. 2 (with the exception of paragraph 2.3).
Cap. 3 (with the exception of subparagraph 3.8.3)
Ch. 4
Ch. 5
Ch. 6
Ch. 8
Ch. 9 (with the exception of paragraphs 9.1, 9.2, 9.6 and 9.7).
Ch. 10
Ch. 11 (with the exception of paragraph 11.2).
Ch. 12 (with the exception of paragraph 12.4).
Ch. 16 (with the exception of paragraphs 16.8 and 16.9).

Methods of Provision

Conventional

Teaching Methods

The course is made by 36 hours of frontal lessons, divided into three weekly lessons. This is a two-hours lesson. The course includes a significant teacher-student relationship aimed at improving the quality of teaching. The course will be set up in specific modules and the lessons will be carried out using the following teaching methods: frontal lessons and discussions based on topical economic issues. Any handout and digital learning material will be available on the e-learning platform.
Attendance is not compulsory, but it is recommended.

Evaluation methods

Verification of learning:

Compulsory written examination, which it may supplement with an oral examination. The written exam has a duration of two hours (five open questions) and it has as its objective to verify theoretical knowledge and understanding of the subjects on the study plan (see the extended programme). The oral exam is intended to examine the ability to represent and analyse the subjects covered during the course. Both exams are based on the indicated reference texts with no distinction between attending students and non-attending students. Both exams will be carried out on different days to allow the teacher to properly evaluate all the exams. The overall mark awarded to the written exam will be between 0 and 30. The oral exam may add up to two points to the written exam. Students who have been awarded a score of 16/30-18/30 must take the oral exam. Students, who have been awarded at least 18/30 in the written exam, will be able to register their score without taking the oral exam. The written exam will be valid for twelve months.

* Temporarily, the exam will be oral in the online mode due to the Covid pandemic.

Contacts/More Information

ERASMUS students are invited to contact the professor.

Università degli Studi
"G. d'Annunzio"

Chieti - Pescara

Aree